Var Energi ASA (OSTO:VARO) Debt-to-EBITDA : (As of Jun. 2026)

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OSTO:VARO Var Energi ASA OSTO:VARO
74 GF Score
Price kr53.80
GF Value kr49.46
Valuation Fairly Valued
! 6 Warning Signs
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What is Var Energi ASA Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Var Energi ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr1,341 Mil. Var Energi ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr70,765 Mil. Var Energi ASA's annualized EBITDA for the quarter that ended in Jun. 2026 was kr126,526 Mil. Var Energi ASA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.57.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Var Energi ASA's Debt-to-EBITDA or its related term are showing as below:

OSTO:VARo' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.39   Med: 0.86   Max: 2.65
Current: 0.65

During the past 8 years, the highest Debt-to-EBITDA Ratio of Var Energi ASA was 2.65. The lowest was -16.39. And the median was 0.86.

OSTO:VARo's Debt-to-EBITDA is ranked better than
76.88% of 718 companies
in the Oil & Gas industry
Industry Median: 1.825 vs OSTO:VARo: 0.65

Var Energi ASA  (OSTO:VARo) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Var Energi ASA Debt-to-EBITDA Related Terms


Var Energi ASA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Var Energi ASA's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Var Energi ASA Debt-to-EBITDA Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Var Energi ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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OSTO:VARO vs COP, EOG, OXY: Debt-to-EBITDA Comparison

For the Oil & Gas E&P subindustry, Var Energi ASA's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Var Energi ASA Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Var Energi ASA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Var Energi ASA's Debt-to-EBITDA falls into.


OSTO:VARO
74GF Score
Var Energi ASA OSTO:VARO
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Var Energi ASA Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Var Energi ASA's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1344.577105 + 68150.79334) / 78240.773085474
=0.89

Var Energi ASA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1340.84025 + 70764.6996) / 126525.97018486
=0.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Var Energi ASA (OSTO:VARO) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be overvalued. The current stock price of kr53.80 is trading 8.8% above its estimated GF Value™ of kr49.46. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for OSTO:VARO:

  • Debt-to-EBITDA:
  • GF Value™: kr49.46 vs. price of kr53.80 (8.8% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the OSTO:VARO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Var Energi ASA Business Description

Industry EnergyOil & Gas
Address Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
74GF Score

Get the complete analysis for OSTO:VARO

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr53.80
Price
kr49.46
GF Value